Best Life Insurance Companies in Maryland (2025)

Protective Insurance is the top-rated life insurance company in Maryland, with its diverse range of products and robust financial strength. The insurer accommodates broad age ranges with term policies spanning ages 20 through 80.

Protective's portfolio extends from straightforward term coverage to sophisticated indexed universal life products, with policy limits reaching beyond $10 million for affluent clients. The child term rider stands out by converting to five times its original value at age 25, surpassing industry standards. This combination of flexible underwriting, extensive coverage options, and innovative rider benefits positions Protective as Maryland's premier life insurance choice.

• J.D. Power Rating: 653 (9th place)
• A.M. Best Rating: A+
• BBB Rating: N/A
• Average NAIC Complaint Index: N/A

• Term
• Whole
• Universal
• IUL
• No-Exam

Guardian Life dominates customer experience rankings in Maryland, securing second place in J.D. Power's customer satisfaction survey. The company maintains an AM Best's highest A++ rating, demonstrating solid financial stability.

Guardian specializes in straightforward life insurance solutions through term, whole and universal life policies, avoiding complex product variations. Its signature Charitable Benefit Rider automatically increases your death benefit by 1% (capped at $100,000) and directs that amount to your selected charity without additional premiums. Coverage extends up to $5 million.

• J.D. Power Rating: 685 (2nd place)
• A.M. Best Rating: A++
• BBB Rating: A+
• Average NAIC Complaint Index: 0.08

• Term
• Whole
• Universal
• Variable Universal

Lincoln Financial offers the most affordable life insurance in Maryland. A 20-year, $500,000 term policy costs approximately $35 monthly for men and $30 for women. The insurer offers term lengths spanning 10 to 30 years, accommodating different budget needs and life stages.

Death benefits reach $5 million with medical underwriting or $1 million for simplified issue policies. Parents appreciate the optional child rider, which provides $15,000 coverage per child until age 25 or when the policyholder turns 65. Lincoln Financial's competitive pricing makes comprehensive financial protection accessible for Maryland families.

• J.D. Power Rating: 652 (10th place)
• A.M. Best Rating: A
• BBB Rating: A+
• Average NAIC Complaint Index: N/A

• Term
• Universal
• No-Exam

Prudential is our pick for best coverage options in Maryland through its exceptional policy limits and flexible underwriting. The insurer provides term life coverage exceeding $10 million in face value, accommodating substantial financial needs. Healthy applicants ages 18-50 can secure up to $3 million without medical examinations.

The company's term policies span 10, 15, 20 and 30 years, with applications accepted through age 75. Conversion features allow transformation to permanent coverage without additional medical requirements until age 65, provided five years have elapsed. Prudential's rider selection includes premium waivers, accidental death benefits and children's protection. The Living Needs Benefit stands out as signature coverage, enabling early death benefit access during qualifying circumstances without extra cost.

• J.D. Power Rating: 626 (17th place)
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: 10.63

• Term
• Universal
• IUL
• Variable Universal
• No-Exam

North American earns top ranking for whole and universal life insurance in Maryland through its robust permanent coverage portfolio and exceptional financial strength. The company's whole life policies provide guaranteed cash accumulation with predictable growth, while universal options offer premium flexibility and adjustable death benefits to match changing needs.

North American's A+ ratings from both A.M. Best and the Better Business Bureau demonstrate consistent claims-paying ability and customer service excellence across decades of operation.

• J.D. Power Rating: N/A
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: N/A

• Whole
• Universal
• Indexed Universal
• Term

Ethos is the best indexed universal life insurance provider in Maryland. The platform provides multiple index options, including S&P 500, Russell 2000 and NASDAQ-100 strategies, alongside a stable fixed account alternative. You'll get living benefit protection for terminal, chronic and critical illnesses without paying additional premiums. The company offers its IUL policies through its partnership with Ameritas.

Ethos streamlines the application process using data-driven underwriting technology that eliminates lengthy medical exams for many applicants. The company's commitment to transparent index crediting terms and user-friendly digital tools makes IUL coverage accessible and straightforward for Maryland residents.

• J.D. Power Rating: N/A
• A.M. Best Rating: A+ (partner carriers)
• BBB Rating: A+
• Average NAIC Complaint Index: N/A

• Term
• Indexed Universal
• No-Exam

Legal & General is the best term life insurance company in Maryland. The company automatically includes accelerated death benefits for terminal illness without additional premiums, providing crucial financial support during difficult times.

Its extended conversion window lasting until age 70 gives exceptional flexibility to adjust coverage as circumstances change. The innovative stacking rider allows customers to layer multiple term periods (10, 15, or 20 years) within a single policy, eliminating the need for separate applications when life circumstances evolve. This combination of automatic benefits and adaptable coverage structures makes Legal & General ideal for families seeking both immediate financial and long-term planning options.

• J.D. Power Rating: N/A
• A.M. Best Rating: A
• BBB Rating: N/A
• Average NAIC Complaint Index: 0.35

• Term
• Universal
• IUL
• Variable Universal

Mutual of Omaha ranks first for guaranteed acceptance life insurance in Maryland. The company accepts applicants from 45 to 85 years old, offering whole life policies from $2,000 to $25,000. These policies accumulate cash value that you can access through loans, providing financial flexibility beyond the death benefit.

The insurer operates with a two-year waiting period for natural death claims, returning premiums plus 10% during this timeframe. Accidental deaths receive immediate full benefit payouts.

• J.D. Power Rating: 659 (6th place)
• A.M. Best Rating: A+
• BBB Rating: A+
• Average NAIC Complaint Index: 0.51

• Guaranteed Acceptance Whole
• Term
• Whole
• Universal
• IUL

Pacific Life is the top insurer for no-exam life insurance in Maryland, with coverage amounts reaching $3 million through streamlined underwriting. This accelerated process eliminates medical exams for applicants aged 18 to 60, providing significantly higher limits than typical no-exam policies.

The company maintains solid financial footing with an A rating from A.M. Best and demonstrates customer focus through a low 0.08 NAIC complaint index. Terminal illness accelerated death benefits come standard at no additional cost. You can enhance coverage through optional riders, including child term protection, disability waiver of premium, and guaranteed insurability additions for future coverage increases.

• J.D. Power Rating: 657 (7th place)
• A.M. Best Rating: A
• BBB Rating: N/A
• Average NAIC Complaint Index: 0.08

• Term
• Universal
• IUL
• Variable Universal
• No-Exam